SOLV breaks barriers!

Launches Sharia-compliant Bitcoin staking with $2 BILLION in BTC

New DeFi giant for the Muslim community

The staking protocol of #bitcoin #solv , which already has over $2 billion dollars locked in its platform, has announced the launch of an innovative yield product compliant with Islamic law (Sharia) called SolvBTCcore.

Following this announcement, the native token of Solv experienced a price increase of over 10%.

Ryan Chow, founder of Solv Protocol, stated that the Sharia-compliant product could open new avenues for institutional investors in the Middle East.

By aligning with regional regulations and global financial standards, SolvBTC.CORE facilitates sovereign funds and traditional financial institutions to stake Bitcoin securely and reliably, achieving real on-chain yields. This is a significant step towards accelerating institutional adoption of digital assets in the region, Chow said.

The Solv Protocol allows BTC holders to lend, stake, earn yields, and invest, thus unlocking the full potential of their coin reserves. The launch of SolvBTCCORE, compliant with Sharia, means that BTC holders in the Middle East can now directly participate in the expanding Core blockchain ecosystem to generate additional yields on their cash holdings.

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